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Associate Actuary
Prudential Securities
Hartford, CT, United States
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Description
Prudential Financial, Inc. is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
Prudential Retirement is an industry leader in Stable Value, Pension Risk Transfer, Structured Settlements, and Full Service businesses. This is a position on the Retirement Valuation team in support of consolidated reporting and participating liability valuation, with the following primary responsibilities:
• Perform GAAP valuation and reporting on VOBA and DAC for the Retirement business including assistance with the annual assumption reviews.
• Perform STAT valuation and reporting on separate account contracts with minimum guarantees (“Regulation 128” contracts) and Synthetic GIC contracts.
• Perform analysis and draft year-end statutory Separate Account actuarial memorandum and opinion.
• Provide valuation and reporting support for margin in reserve and capital requirements for Retirement participating products.
• Provide Fair Value valuation and reporting for GAAP and STAT.
• Provide financial reporting for liability related GAAP and STAT exhibits and notes.
• Collaborate with members across valuation, modeling, pricing and corporate teams to develop and enhance existing processes and analytics.
• Be a key member of cross functional projects and provide analysis on ad hoc basis
• Maintain adherence with appropriate corporate governance, controls, and documentation policies/procedures.
• Be an active participant in Prudential's actuarial community.
For more information, please visit http://www.prudential.com/
Qualifications
• Bachelor’s degree required, preferably in Actuarial Science, Mathematics, Statistics, or other highly quantitative field.
• ASA or near-ASA is preferred.
• 3+ years of business/actuarial experience. Knowledge of Retirement products and asset/liability management is preferred.
• Ability to effectively prioritize multiple assignments under challenging time frames.
• Highly motivated, innovative, and creative problem solver and conceptual thinker who is able to work independently or in a team.
• Superior technical skills and ability to understand complex quantitative concepts and models.
• Advanced skills in Excel including VBA / SQL preferred.
• Strong computer skills, including knowledge of Microsoft Word, Access, and PowerPoint.